The 2nd Saudi-Korean round table Ministerial Meeting on Nuclear Cooperation was convened in Riyadh. The Meeting was co-chaired by His Excellency Dr. Hashim Abdullah Yamani, President of King Abdullah City for Atomic and Renewable Energy, and His Excellency Yoon Sang-jick, Minister of Trade, Industry and Energy in the Republic of South Korea. The meeting came on the sidelines of the visit to the Kingdom of Her Excellency the President of South Korea, Mrs. Park Guen-hye during the period 3-4 March 2015.
The meeting discussed ways and means to advance bilateral cooperation in atomic energy and the appropriate mechanisms to implement joint cooperative programs and projects, with special emphasis on the utilization of atomic energy-related technologies and know-how South Korean Republic acquired over the last several years and which may contribute to the implementation of atomic energy-related projects in the Kingdom of Saudi Arabia under the Cooperation Agreement signed in 2011 in the atomic energy peaceful uses.
The 1st Ministerial Round Table Meeting was convened in 2013 in the Korean capital, Seoul. The meeting in question takes place in pursuance and endorsement of the topics discussed during the previous Round Table Meeting. It is worth mentioning that the atomic energy cooperation with the Republic of South Korea is in keeping with the target devised to attain human capacity building, localization of industry chain and technology transfer.
It should be pointed out that the round table meetings, which are alternately convened in both countries, are meant to pursue and follow up on the execution of the Cooperation Agreement on the atomic energy peaceful uses between the two countries.
It is also appropriate to remind that ever since its inception, KACARE has been so oriented as to promote the utilization of alternative resources to generate electricity and desalinate water through the different and varied uses of atomic and renewable energy. The philosophy on which it builds this option is centered on the belief that its hydrocarbon resources should be preserved for future generations, and/or investing the same through exportation or industrialization. Concurrently, this methodology will provide promising investment and employment opportunities that herald the advent of a prosperous economic era propped by the localization of alternative energy-based industries. This objective is deemed attainable, taking into account the affluence and abundance of renewable energy resources, namely solar and wind energies, spurred by highly motivated economy plus other engines, like oil.